Stock futures edged lower on Sunday evening as investors prepared for a busy week of earnings reports. Futures tied to the Dow Jones Industrial Average dropped 0.1%, while S&P 500 and Nasdaq 100 futures both fell 0.2%. This week marks the peak of the first-quarter earnings season, with over 180 S&P 500 companies set to report. Tech giants Amazon, Apple, Meta Platforms, and Microsoft are among those releasing results.
Earnings have been mixed this quarter, with 73% of companies beating analyst estimates, slightly below the five-year average. Market expectations for the second quarter and full year have been tempered. Additionally, uncertainty surrounding President Trump’s tariff policies has contributed to market volatility. As of April, the S&P 500 is down 1.5%, the Dow Jones Industrial Average is on track to lose 4.5%, and the Nasdaq Composite has risen 0.5%.
— new from CNBC